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the democrats say now that, yes, we must have tax hikes, or tax something -- tax revenue, and we must have spending cuts. and that's unusual -- >> neil: but they're quicker at identifying the tax hikes than the spending cuts, and when it comes to republicans, what they offer on spending cuts of their own, don't address defense. although paul ryan has entertained caps. >> people watching the show should realize our deficits grow in both plans, and ryan's plan is for progrowth. but both sides okay with the spending and both sides -- democrats-saying something about taxes. but there's $100 billion in there for a new stimulus plan, which i don't know how well that's going to fly. and then ryan keeping in the notion of appealing obamacare has to -- >> move on. >> that's not going to work at least for the next four years. so you keep it in there, maybe it's something you give up during negotiations. i think people watching the show should feel more hopeful, but to your point, the chasm, we're so far away from a deal, something i wouldn't bet on. >> neil: democrats claim their budget will sl
the democrats say now that, yes, we must have tax hikes, or tax something -- tax revenue, and we must have spending cuts. and that's unusual -- >> neil: but they're quicker at identifying the tax hikes than the spending cuts, and when it comes to republicans, what they offer on spending cuts of their own, don't address defense. although paul ryan has entertained caps. >> people watching the show should realize our deficits grow in both plans, and ryan's plan is for progrowth. but...
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growth over three percent only time in the history the united states top tax rates were at ninety one percent how can that be a bad thing well right now we're not in the forty's fifty's sixty's i mean though there's a lot of tax rate that drop there's a lot of bad policies from the forty's fifty's and sixty's and a lot of americans don't want to go back to right now. let's see before the civil rights act that's so security is running broke so i think americans would appreciate that being fish out of the out of the sixty's. forty's and fifty's at the end of the day the republicans mitt romney really phrased it badly but at the end of the day if you look at the economics and you look at the statistics behind his point he's very right a report came out this year that showed forty seven percent of americans aren't paying taxes they're not getting into the system they are not getting they are paying for not paying several taxes are you just running he was running they were federal office now come on your you know you say this. really did that want to do if you look at the the language he u
growth over three percent only time in the history the united states top tax rates were at ninety one percent how can that be a bad thing well right now we're not in the forty's fifty's sixty's i mean though there's a lot of tax rate that drop there's a lot of bad policies from the forty's fifty's and sixty's and a lot of americans don't want to go back to right now. let's see before the civil rights act that's so security is running broke so i think americans would appreciate that being fish...
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if the republicans will shoot their tax well this is b.s. and a new found last in my mind is a mutual suicide pact that's where the problem with the democratic santa clause is that the way the programs are structured now they're requiring all they're requiring a lot more work out of fewer and fewer elves to produce this santa clause packages that were expected out well that's that's a debate we just have right if we can agree to disagree on that but i'm wondering what you know what you guys are thinking about how there's how this president is dealing with the republicans in congress i mean it's like he keeps throwing them stuff and they can't go on with it which things you throw because i've missed a lot he sees offered his offer to cut social security's offer to cut medicare i mean why doesn't he just do it he's got his i was in the right a plan b. there was that he was here because id the good is about that because we're going to solution the constitution says that only congress can but as he could offer up a budget which he's been require
if the republicans will shoot their tax well this is b.s. and a new found last in my mind is a mutual suicide pact that's where the problem with the democratic santa clause is that the way the programs are structured now they're requiring all they're requiring a lot more work out of fewer and fewer elves to produce this santa clause packages that were expected out well that's that's a debate we just have right if we can agree to disagree on that but i'm wondering what you know what you guys are...
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Mar 13, 2013
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it's good to refresh our memories on costly wars, big tax cuts, medicare part d. that was a six-hour vote and there were republicans chasing people around the walls of the house of representatives trying to get that last vote and of course, the crisis on wall street. by the way, as you know, they've regained all the money they lost on the principles of president obama. i know he has a heart of caring. we've got to restate this principle and you are right. it's our commitment. we're not letting go of medicare, medicaid and social security. medicaid is a premise of the affordable care act. >> even if it puts you at odds with the president? >> i'm an optimist and i truly believe the president has a real good heart and he's still willing to listen. we're against the changed cpi. but we're keeping the doors open. we want to hear what the president has to say and i always believe that he has an open mind and an open heart. but it's up to many of us. to keep the fight going. >> we are going to find out. no question about it. thanks for your time tonight. i appreciate it.
it's good to refresh our memories on costly wars, big tax cuts, medicare part d. that was a six-hour vote and there were republicans chasing people around the walls of the house of representatives trying to get that last vote and of course, the crisis on wall street. by the way, as you know, they've regained all the money they lost on the principles of president obama. i know he has a heart of caring. we've got to restate this principle and you are right. it's our commitment. we're not letting...
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what do you have to pay taxes? maybe they do pay payroll taxes. i guess the story or the question has to be, it's not just because you didn't try to become attractive to hispanics, african-americans or single women. you didn't give them the opportunity that you suggest that your party stands for. you didn't give them the educational opportunity. the job opportunity. the hand up opportunity. >> yeah. >> you didn't give them an opportunity. >> congresswoman, has the country lost sight of why we're here having this budget battle? i mean, you have to look back at the last 12, 13 years of what has transpired. how we have given breaks to the wealthiest americans and that didn't work out with the job creation. how we went into wars and didn't pay for it. how we did a deal with big pharma and medicare part d and then the deregulation of wall street back in the late '90s took us right into the housing problem and the criminal activity that took place on wall street that has not been
what do you have to pay taxes? maybe they do pay payroll taxes. i guess the story or the question has to be, it's not just because you didn't try to become attractive to hispanics, african-americans or single women. you didn't give them the opportunity that you suggest that your party stands for. you didn't give them the educational opportunity. the job opportunity. the hand up opportunity. >> yeah. >> you didn't give them an opportunity. >> congresswoman, has the country lost...
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Mar 15, 2013
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the richest industry in the world does not need our tax subsidies. there's still a lot of subsidies going for american corporations when they offshore jobs. >> but the republicans haven't identified any of them yet, have they? >> well, they're not willing to talk about it other than loose generalized, terms. you need to get down to the nitty-gritty. they don't do that. but there's many out there that the taxpayers are giving away to very wealthy corporations and individuals not necessarily toward the growing of the economy. there are things that can be done to rein in those loopholes and we need to do it. whether that gives us the money we need to lower the corporate tax rate as we've closed those loopholes, that's a discussion that needs to be taking place. >> tim, what do you think? >> well, we had a budget mark-up last night. we were in until about 11:30 in the evening marking up the paul ryan budget. there was an amendment that said we need to protect the mortgage tax deduction for middle class people. and every republican voted against that demo
the richest industry in the world does not need our tax subsidies. there's still a lot of subsidies going for american corporations when they offshore jobs. >> but the republicans haven't identified any of them yet, have they? >> well, they're not willing to talk about it other than loose generalized, terms. you need to get down to the nitty-gritty. they don't do that. but there's many out there that the taxpayers are giving away to very wealthy corporations and individuals not...
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Mar 14, 2013
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of raising taxes. we do so in the service of creating a fairer tax code, funding investments for the future and in the service of a balanced approach to deficit reduction. if you take out the deficit reduction concerns and lord knows that any sort of inve investment spending right now is not going to pass muster with the house republicans, you're left with the fairness motive. a more just system would certainly be nice, does it offset the injustice of cutting benefits to folks who rely on social security? to scuttle a brand bargain deal, though, democrats need some sort of political cover. hmm. if only some republican would put out a really toxic, extreme, ideological plan that democrats could point to as continuing republican intransigence, they could walk away with not political consequence. you know, i think i know just the guy. all right. that does it for us here at "the cycle." martin bashir, all yours. >>> good afternoon, it's thursday march the 14th. who needs compromise on capitol hill when cpa
of raising taxes. we do so in the service of creating a fairer tax code, funding investments for the future and in the service of a balanced approach to deficit reduction. if you take out the deficit reduction concerns and lord knows that any sort of inve investment spending right now is not going to pass muster with the house republicans, you're left with the fairness motive. a more just system would certainly be nice, does it offset the injustice of cutting benefits to folks who rely on...
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Mar 15, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every purchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your wallet? i took something for my sinuses, but i still have this cough. [ male announcer ] a lot of sinus products don't t
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ]...
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Mar 13, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock.
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock.
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Mar 15, 2013
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, and ways that money sort of leaks out of the tax system. both parties have said they want to do that, but the real difference is that what do they want to do with the money? the house budget would take the money generated and provide another tax cut would go i believe disproportionately to the wealthy, and the budget that we passed out of the committee yesterday would take that money and apply it to deficit reduction. i think that is as an independent as somebody who has looked at the issue as to me this is a reasonable way to do it, particularly when you look back to 2011 when we started this deficit reduction process, and if you add what has been done since 2011 in the way of cuts and revenues and to the budget that was passed yesterday, it comes out 65% cuts and 35% revenues. that is a reasonable balance that the american people can p support. >> all right. senator angus king, we have to leave it right there, and thank you for your time this morning. >> thank you. glad to be with you, mara. >>> the dow jones on a winning streak for ten d
, and ways that money sort of leaks out of the tax system. both parties have said they want to do that, but the real difference is that what do they want to do with the money? the house budget would take the money generated and provide another tax cut would go i believe disproportionately to the wealthy, and the budget that we passed out of the committee yesterday would take that money and apply it to deficit reduction. i think that is as an independent as somebody who has looked at the issue...
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the social programs in exchange for cooperation on tax reform during the debt ceiling debacle of two thousand and eleven for example he famously suggested raising the age at which seniors start receiving medicare benefits like bill clinton before him obama seems to have an obsession with compromise even when it screws the middle class clinton if you remember worked with newt gingrich in the republican house to pass the one nine hundred ninety six welfare reform bill a bill has made life miserable for the long term unemployed of the great recession because of social security net that obama now equal apparently says he supports will be equally as damaging what's even scarier is the president's flippant attitude toward programs millions of americans depend on just to get by in february said he didn't want to raise the medicare eligibility age but the question remains how much can we progress is trust someone who regularly plays politics with essential benefits and who is he actually fighting for we talked on the show before about obama's connections to pete peterson the wall street bill
the social programs in exchange for cooperation on tax reform during the debt ceiling debacle of two thousand and eleven for example he famously suggested raising the age at which seniors start receiving medicare benefits like bill clinton before him obama seems to have an obsession with compromise even when it screws the middle class clinton if you remember worked with newt gingrich in the republican house to pass the one nine hundred ninety six welfare reform bill a bill has made life...
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Mar 21, 2013
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premiums because the tax increases in obamacare were taxes on medical device companies, taxes on your health insurance plan, taxes on pharmaceuticals, all of which are being passed on in the form of higher costs to average working americans. so we have got a crisis in this country that affect the middle-class families, people who are out there every single day just trying to do their best to make their budget balance and do the important things to plan for the future of their children and grandchildren, and here we are in washington, d.c., debating yet more policies that are going to hurt the economy, that are going to -- that are going to crush job creation in this country and lower take-home pay for those very middle-class american families. and so this is the wrong approach, mr. president. i hope that as we debate this we'll have an opportunity to vote on amendments. perhaps there is a way in which we could make this better. i doubt that to be the case. this budget is so far off in terms of where we need to be going as a country, if we're serious about getting the economy growing a
premiums because the tax increases in obamacare were taxes on medical device companies, taxes on your health insurance plan, taxes on pharmaceuticals, all of which are being passed on in the form of higher costs to average working americans. so we have got a crisis in this country that affect the middle-class families, people who are out there every single day just trying to do their best to make their budget balance and do the important things to plan for the future of their children and...
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don't have to put all of the burden on seniors and the middle class while giving a massive, massive tax cut yet again to the wealthiest folks. the president felt very good about his meetings. he a great session with senate republicans yesterday and you saw numerous quotes i think from senate republicans that reflected the fact that it was a good meeting and a constructive meeting and there really is the potential for common ground. but the differences are large and they remain large do get back to your point, when it comes to deficit reduction, it may be that the gab is too wide to reach a deal. the president hopes that's not the case, but we'll see, it's certainly worth having this engagement to try to find common ground. >> why did it take so long? i know you're going to say he's met with them before. but it's commonly accepted, and this is not just conventional wis ddom that dennis mcdonough s made a difference, this is outreach to members whom he's never met before, republicans. >> well i mean the members he hadn't met before or hadn't heard him speak, this is a fourth meeting the p
don't have to put all of the burden on seniors and the middle class while giving a massive, massive tax cut yet again to the wealthiest folks. the president felt very good about his meetings. he a great session with senate republicans yesterday and you saw numerous quotes i think from senate republicans that reflected the fact that it was a good meeting and a constructive meeting and there really is the potential for common ground. but the differences are large and they remain large do get back...
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Mar 20, 2013
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it's a plan for tax reform. it's a plan to open up our energy stores that we have here so we can be energy independent. we have vast amounts of energy reserves we need to tap so we can put people to work, bring down gas prices, stretch paychecks further. we've got to control our spending appetite. we've got to reform programs like medicare so they're solvent. we've got to reform our safety net so it works to get people on their feet. that's what this budget does. in a nutshell, instead of spending $46 trillion over the next 10 years, as we're currently poised to spend, we spend $41 trillion. instead of growing spending 5% a year we grow at 3.4% a year. with all the predictions of doom and gloom and how evil and terrible and horrible or budget is, it increases spending every year by 3.4% a year instead of 5% a year. the difference is we balance the budget. the difference is we let families keep more of their own take-home pay. the difference is we make sure our kids inherit a debt-free future. the difference is w
it's a plan for tax reform. it's a plan to open up our energy stores that we have here so we can be energy independent. we have vast amounts of energy reserves we need to tap so we can put people to work, bring down gas prices, stretch paychecks further. we've got to control our spending appetite. we've got to reform programs like medicare so they're solvent. we've got to reform our safety net so it works to get people on their feet. that's what this budget does. in a nutshell, instead of...
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the president a tax hike. i want to mention this politico had done from this morning. guest: republicans have seized the moment. democrats seem to be planning cliff during the fiscal tops. bell americans say, democrats, you have your tax increases, let's focus on spending cuts. republicans seem to be manning them that message -- managing that message well right now. host: our guest is damian paletta this morning. theou are listening on radio, here are the phone lines. 3881.licans, 202-585- democrats, 202-585-3880. $975 billion in targeted cuts with regard to health care, military, other programs. it also raises $975 billion in new revenues from closing " -- closing tax loopholes. $100 billion in stimulus spending focusing on job training and infrastructure. house republican plan has $1.80 trillion in savings from the repeal of the health care law. it leaves $1 trillion in automatic cuts as a result of sequestration. it includes $962 billion in cuts from agriculture subsidies and food stamps, reduces money for
the president a tax hike. i want to mention this politico had done from this morning. guest: republicans have seized the moment. democrats seem to be planning cliff during the fiscal tops. bell americans say, democrats, you have your tax increases, let's focus on spending cuts. republicans seem to be manning them that message -- managing that message well right now. host: our guest is damian paletta this morning. theou are listening on radio, here are the phone lines. 3881.licans, 202-585-...
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most of these european countries, they have 50% tax rates. they're already starting at a point where they'll have a hard time recovering. france has 75% tax rate. >> that's only just been raised. britain is 40%. let's just get the -- >> it's still high. >> if you're talking local taxes included -- >> what i'm trying to put to you, really, ron, is the idea of slashing the budget. >> not slashing. >> and balancing the budget in the way that you propose and way rand paul did this week and the way paul ryan does. >> i just don't understand -- >> all of the best kmist economn the world are telling us all that would do is force us back into a recession. >> i don't understand. remember, when the government spends $1, it has to take it from the private sector. you're taking money out. actually my girlfriend had a great article on this that if you look at our deficit, $1 trillion, how many jobs does that equal? over 100,000 jobs that we're taking out of the economy and spending in the deficits. it's this idea, this liberal multiplier effect that gover
most of these european countries, they have 50% tax rates. they're already starting at a point where they'll have a hard time recovering. france has 75% tax rate. >> that's only just been raised. britain is 40%. let's just get the -- >> it's still high. >> if you're talking local taxes included -- >> what i'm trying to put to you, really, ron, is the idea of slashing the budget. >> not slashing. >> and balancing the budget in the way that you propose and way...
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Mar 13, 2013
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they were loving it. >> was it a a good tax scale? we see scenes from the white house and camp david. where's that? >> just outside shreveport. >> really? this is great. after you see the mf and you realize you were at some set, then go back, maybe a month, six month, you go watch again. my god, i am in the white house. >> absolutely. the story's good enough and acting and directing is good enough. >> you know all the, the you know, stories behind the scenes, but yeah. >> you remember what days you were tired, hungover, what days people didn't know their lines. >> angela, you remember it? >> i do. >> i go over to brooklyn, an industrial neighborhood with all this terrible stuff. it's not a -- and when you watch the show, i always watch it, you think you're in a high-rise chicago law firm in chicago and you fall for it again. >> i try not to watch it too many times before i see the finished product. >> one thing i want to talk about is this affection we have for the president. i know "west wing" did it beautifully. you may have a coupl
they were loving it. >> was it a a good tax scale? we see scenes from the white house and camp david. where's that? >> just outside shreveport. >> really? this is great. after you see the mf and you realize you were at some set, then go back, maybe a month, six month, you go watch again. my god, i am in the white house. >> absolutely. the story's good enough and acting and directing is good enough. >> you know all the, the you know, stories behind the scenes, but...
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, taxes, taxes, texas. you have been looking at some of the numbers r the president, doesn't look so good for him right now. >> that is pretty evidently why. we have seen disapproval up, people generally side with republicans on how much spending there ought to be, they will make a sudden break, very urgent and sudden break away from the prior tactic which said he was ing to drag the g.o.p. through the fiscal fights over the next 18 months and go through victory in 2014 and win back the hse for democrats, so the president is at least engaged in an operational pause so you can quiet the criticism. >> that is because the last two weeks have not gone well for the president. using all these scare tactics. the american people look at all the waste in the budget and say wait a minute, have to cut the parks rather than get rid of the conferences for wine tasting and things like that. i'm great to see the polls are reflecting that. gerri: i was interested in what paul ryan had to say about his budget. he wrote the
, taxes, taxes, texas. you have been looking at some of the numbers r the president, doesn't look so good for him right now. >> that is pretty evidently why. we have seen disapproval up, people generally side with republicans on how much spending there ought to be, they will make a sudden break, very urgent and sudden break away from the prior tactic which said he was ing to drag the g.o.p. through the fiscal fights over the next 18 months and go through victory in 2014 and win back the...
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Mar 19, 2013
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they achieve that balance by not raising taxes, while not raising taxes. i think that's very important, too. we certainly aren't undertaxed in this country. my friends on the other side clearly believe that we are. they are going to offer multiple tax increases in all their budgets. i like the budget that does not require tax increases. finally, both these budgets, the republican study committee budget and the republican budget, come to grips with the reality that we have to -- reform entitlements. we have our own way of doing that, but there could be others. unfortunately our friends on the other side are largely silent about that important choice. as my friend, mr. woodall, mentioned in his remarks, the ryan budget, is hardly a radical budget. it's going to increase spending every single year over a 10-year wind heo by about 3.5%. the main democratic alternative is about 5%. can't we live at 3.5% and have a balanced budget in 10 years as opposed to go to five with higher taxes and not balance the budget within that 10-year window? again i'm proud of my d
they achieve that balance by not raising taxes, while not raising taxes. i think that's very important, too. we certainly aren't undertaxed in this country. my friends on the other side clearly believe that we are. they are going to offer multiple tax increases in all their budgets. i like the budget that does not require tax increases. finally, both these budgets, the republican study committee budget and the republican budget, come to grips with the reality that we have to -- reform...
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Mar 17, 2013
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he knows how to articulate a message on taxes and tax cuts. he would like to reform the tax code. that is his next project. remember bob dole was on the ticket in the 1970's with gerald ford. he comes back 20 years later and is a republican nominee. ryan, because he was on national ticket so early, he has a long career, decades ahead in congress, where he will continue to be a player. host: our next caller is from springfield, oregon, on our line for independents. good morning. caller: good morning. i hope the party follows senator ator cruz's dialogue about not telling americans on american soil. same big promises, we want smaller government, we do not want to do unnecessary wars and stuff. same with obama. he ran on shutting down guantanamo bay and closing down big brother. he made all worse. i guess that is what i want to say, not so much the speeches, but the execution. host: thank you for the call. let me sherry what -- -- let me share with you what bill kristol writes this morning. he points out -- he points out americans being tired of the wars, wars that bill kristol and o
he knows how to articulate a message on taxes and tax cuts. he would like to reform the tax code. that is his next project. remember bob dole was on the ticket in the 1970's with gerald ford. he comes back 20 years later and is a republican nominee. ryan, because he was on national ticket so early, he has a long career, decades ahead in congress, where he will continue to be a player. host: our next caller is from springfield, oregon, on our line for independents. good morning. caller: good...
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Mar 16, 2013
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he didn't pay his tax. he got caught on that. it's outrageous. my pick is, i'm not committing a lot of money to new -- new money to this market. i've got old money. i like it, look at shfl, a gaming stock. >> jonathan, yours? >> i saw a bunch of municipal bond funds hit 52-week lows this week. that's a canary in the coal mines for higher interest rates. this is 2001, 2002, but for higher rates, sag those up with interest rates, i hold it and i think it's good buy. >> thank you. gang. and remember, we're here to keep an eye on your cash and your taxes because the folks in dc ken on all your hard work. we'll be here week in and week out until they just stop. i'll be on twitter all week. be sure to tell me what you think about today's topics at ericboling hash tag "cashin' in." have a great weekend. everybody. >>> hello, everyone. i'm greg gutfeld with kimberly gill poil, dane -- gill fail. this is "the five" >> so far at cpac we heard from allen west who summarized the problems liberals have with race. >> i'm speaking from experience nothingell you
he didn't pay his tax. he got caught on that. it's outrageous. my pick is, i'm not committing a lot of money to new -- new money to this market. i've got old money. i like it, look at shfl, a gaming stock. >> jonathan, yours? >> i saw a bunch of municipal bond funds hit 52-week lows this week. that's a canary in the coal mines for higher interest rates. this is 2001, 2002, but for higher rates, sag those up with interest rates, i hold it and i think it's good buy. >> thank...
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Mar 17, 2013
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so what we want to do is not tax and tax and tax the economy more, which weakens the economy. we would like to see the economy grow and throw off more wealth that benefits workers, benefits employees, and actually creates more tax revenue for us. that is the central question that we have. so this amendment, i believe moves us in the right direction. it gives us an opportunity to end the deficits. ce we do that, as a percentage of g.d.p. we have will have some growth as projected by c.b.o. thank you. >> well, let me respond on our side and i think we'll have some debate here. to begin with, i think all of us recognize it is a responsibility that we have right now to deal with our debt and deficit in a responsible manner. we all want to achieve that goal. but all of us recognize our economy is fragile right now, we have lived through a lot in the last 10 years. many of our families are still struggling to get back to work to put food on the table to send their kids to college, to pay their mortgage and to stay in their homes. the budget we put forward really recognizes the fragi
so what we want to do is not tax and tax and tax the economy more, which weakens the economy. we would like to see the economy grow and throw off more wealth that benefits workers, benefits employees, and actually creates more tax revenue for us. that is the central question that we have. so this amendment, i believe moves us in the right direction. it gives us an opportunity to end the deficits. ce we do that, as a percentage of g.d.p. we have will have some growth as projected by c.b.o. thank...
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Mar 13, 2013
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romney took seven points off the top tax rate. paul ryans takes about 15 points, so twice as heavy a lift. can i make one point? >> begin the colloquy. >> i'm a little surprised to see you without a body guard today, because ezra wrote in his piece this morning that our deficits right now are too small. now, i happen to agree with that, but that's heresy in d.c. where you are right now. i'd love to hear you say a few words about why the deficits are too small right now. >> yeah, look action this goes through this idea that deficits are moral. no they're a tool. businesses often go into debt to make -- and this is the opportunity the world gives us. we worry pretty much about one thing with the deficit. if they're too high, interest rates will go up. definite constituents are bad because of what they primarily do to interest rates. right now interest rates on government debt, completely completely historical fashion are negative after the count for inflation. the world is so desperate to put their money somewhere. that is an amazin
romney took seven points off the top tax rate. paul ryans takes about 15 points, so twice as heavy a lift. can i make one point? >> begin the colloquy. >> i'm a little surprised to see you without a body guard today, because ezra wrote in his piece this morning that our deficits right now are too small. now, i happen to agree with that, but that's heresy in d.c. where you are right now. i'd love to hear you say a few words about why the deficits are too small right now. >>...
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Mar 17, 2013
03/13
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i tend to lead toward the flat tax/fair tax. a flat tax put across the board and a consumption tax or payroll taxes which are still come what progressive. >> weird things about how opinions and politicians change. even president obama believes in lower tax rates or at least he did a year ago in something called principles for tax reform he says and the number one principle for tax reform lower tax rate. the tax system should be simplified and work for all americans with lower individual and corporate tax rates and fewer brackets. isn't that what the flat tax is all about? >> yeah. the flat tax basically gets people out of the tax so they can devote all of their brine cycles to their business. that is one of the great virtues and draws people together. if everybody is paying the same rate then i think we can unify this country again. and to mark's worry some what justifiable about the regressive nature toward poor people, just had a $30,000 or $40,000 or $50,000 the first 30, 40, 50 is exempt from taxes. so it doesn't hit the poo
i tend to lead toward the flat tax/fair tax. a flat tax put across the board and a consumption tax or payroll taxes which are still come what progressive. >> weird things about how opinions and politicians change. even president obama believes in lower tax rates or at least he did a year ago in something called principles for tax reform he says and the number one principle for tax reform lower tax rate. the tax system should be simplified and work for all americans with lower individual...
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slowing down and you think about what the got how the government is structured the government gets tax revenues out of our incomes and it dies out on the basis of wealth and. fundamentally well if you have a downturn in the economy incomes will and will phoneys rod so the government's books necessarily respond that it's the big like the normal basis of a new conditioning system now if the room gets called up which is what happens when the economy shrinks and saw as when the government pumps aid in it's it's a negative it's always there when capitalism fails when capitalism pick ups and there's a lot of unemployment and government fills in that i thought was in that pick up a pick up is a better expression than than files because capitalism not anybody believes capitalism will filed but i certainly believe it can have huge crossties caused by the financial sector and when that happens when there's a downturn the government. is beyond its control to some time if you look at long it takes to change anything in in in washington it's not the government responding to it the cold that says it
slowing down and you think about what the got how the government is structured the government gets tax revenues out of our incomes and it dies out on the basis of wealth and. fundamentally well if you have a downturn in the economy incomes will and will phoneys rod so the government's books necessarily respond that it's the big like the normal basis of a new conditioning system now if the room gets called up which is what happens when the economy shrinks and saw as when the government pumps aid...
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Mar 20, 2013
03/13
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this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as well. neil: craig, this is a concern. if others get a cue from this watch out. >> california is a trendsetter. as a small business owner, my other friends who are small business oers we've been hit with 5 to over 100,000-dollars in fourth quarter of last year in retro active tax, that is job, and investment money and a downer on christmas. now a new one that bureaucrats at franchise tax board are making a decision, it is politicians that are out of control, california is worst with highest tax state, the highest sales tax s
this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as...
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Mar 16, 2013
03/13
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they want taxes to stay low. they don't actually care that much about spending. by highlighting deficits, what they did is they set themselves up for this push to raise taxes because it is not feasible to cut your way out of a deficit problem, if you really care about deficits, then you have to go after income. >> and the question, isn't the question basically for the republicans what do you value more, is it meals on wheels program for a poor senior or better tax rates for a corporation. >> never should have set that up. they should have kept it on tax rates, but you know, instead they made it about deficits and made it about spending and that long term is not something they're going to be able to win. >> the starsky and hutch -- >> just a second. i see the library behind him, i assume he read all those books? >> thumbed through most of them. they're real books. >> here i am trying to give my funny good-bye line and you are complicating it. the starsky and hutch of the huffington post. i don't like it when you'r
they want taxes to stay low. they don't actually care that much about spending. by highlighting deficits, what they did is they set themselves up for this push to raise taxes because it is not feasible to cut your way out of a deficit problem, if you really care about deficits, then you have to go after income. >> and the question, isn't the question basically for the republicans what do you value more, is it meals on wheels program for a poor senior or better tax rates for a corporation....
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Mar 15, 2013
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no amount of taxes can prop us up, even with chris minow promised tax hikes the deficit will be nearly trillion dollars in 2023. the answer is very clear. we have to fix entitlements and grow the economy. our budget takes the steps but also confronts a better challenge. our debt is a sign of overreach. it's a sign the federal government is doing too much. when government estimates, it doesn't do anything well. we need to make this point more often. we don't see the debt as an excuse to cut, to shirk obligations. we see it as an opportunity to reform government, to make it leaner and more effective. that's what conservatives stand for. that's who we are. [applause] a balanced budget is a reasonable goal because the returns government to proper limits and focus. the government overreaches, it doesn't just her paychecks. it hurts our quality of life. we need to make room for communities, for the vast middle ground between the government and individual. we need to remember that people don't find happiness in grim isolation or by government fiat. they find it through friendship, true for a
no amount of taxes can prop us up, even with chris minow promised tax hikes the deficit will be nearly trillion dollars in 2023. the answer is very clear. we have to fix entitlements and grow the economy. our budget takes the steps but also confronts a better challenge. our debt is a sign of overreach. it's a sign the federal government is doing too much. when government estimates, it doesn't do anything well. we need to make this point more often. we don't see the debt as an excuse to cut, to...
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Mar 14, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. like other precious things that start off white, it yellows over time. fact is, when it comes to your smile, if you're not whitening, you're yellowing. crest 3d white whitestrips go below the enamel surface to whiten as well as $500 professional treatments, at a fraction of the cost. guaranteed, or your money back. crest. life opens up when you do. want a whiter smile today? try 2 hour express whitestrips. when her sister dumped me. grandpa was my dad a good athlete? no. oh dad, you remember my friend alex? yeah. the one that had the work done... good to see you. where do we go when we die? the ground. who's your girlfriend? his name is chad. and that's where babies come from. [ male a
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. like other precious things that start off white, it yellows over time. fact is, when it comes to your smile, if you're not whitening, you're yellowing. crest 3d white...
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Mar 19, 2013
03/13
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tax rates for corp. -- tax breaks for corporate jets, tax subsidies for big oil companies that are making record profits. tax incentives for american companies to ship our jobs overseas. the c.b.c. budget will close these wasteful corporate loopholes. third, we look for savings by cutting waste, fraud, and abuse. and we take this approach because of the sensitive nature of our fragile economic recovery. you can't just cut the budget with a meat cleaver without hurting the american people. and lastly, the c.b.c. balanced approach stands up for important programs like social security, medicare, and medicaid that have nothing to do with the economic mess that we find ourselveses in right now. now we don't have a short-term deficit crisis in america. that's what the independent objective economists have concluded. the speaker of the house of representatives has acknowledged we don't have a short-term deficit crisis. the chairman of the budget committee just yesterday acknowledged that we don't have a short-term deficit crisis. we've gained six million jobs over the last four-plus years but we
tax rates for corp. -- tax breaks for corporate jets, tax subsidies for big oil companies that are making record profits. tax incentives for american companies to ship our jobs overseas. the c.b.c. budget will close these wasteful corporate loopholes. third, we look for savings by cutting waste, fraud, and abuse. and we take this approach because of the sensitive nature of our fragile economic recovery. you can't just cut the budget with a meat cleaver without hurting the american people. and...
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Mar 14, 2013
03/13
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with the weaknesses that caused them to lose like taking a hatchet to health care and the generous tax cut to the rich that somehow pays for its. what you want details? you know better than that. this is groundhog day in republican politics. soon, they are going to float hillary clinton is going to replace joe biden as vice president again. all of this stuff, the welfare lie, the obama phone lie. the kill medicare budget that we don't have to explain, trust us. it's republicans trying to get traction on stuff they did not get traction on before when they were busy trying not to lose in the november elections and they lost anyway. in that election, it was actually the democrats who really did get traction on part of that issue. it was democrats who did get traction when this tape showed the republicans real argument on this stuff and all the naked behind closed doors glory. the republican's presidential campaign showing 47% of the country was accustomed to voting. romney saying 47% of the country never mind them. this president has bought their votes with all the free obama welfare stuf
with the weaknesses that caused them to lose like taking a hatchet to health care and the generous tax cut to the rich that somehow pays for its. what you want details? you know better than that. this is groundhog day in republican politics. soon, they are going to float hillary clinton is going to replace joe biden as vice president again. all of this stuff, the welfare lie, the obama phone lie. the kill medicare budget that we don't have to explain, trust us. it's republicans trying to get...
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Mar 13, 2013
03/13
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CURRENT
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it gives the wealthiest of americans another tax break. it lowers our taxes down to 25%. and it will repeals or would repeal obamacare. yeah. i mean it is just, in other words, give the wealthiest another tax break and take it out on the middle class and the poor. >> that's the ryan budget. and you know what? its phoney. it was totally, totally phony meaning -- yeah, he says he would balance the budget in 10 years. he repeals obama care which is not going to happen. i mean i could put out a budget. i could put out a bucket that says, hey, look at this. i just balanced the bucket. i got rid of the executive branch of government. there is my budget. there it is. look at it. >> peter: the budget is balanced. it's balanced on paper. it's bs. i could do that by saying i just got rid of the penta goodeon. guess what. i balanced the budget. it's as realistic to say that as i balanced the budget because i got rid of obama care. i just don't get it. and by the way one other thing ryan is not -- not ashamed of steeling -- stealing ideas. you know, they fought and fought and fought
it gives the wealthiest of americans another tax break. it lowers our taxes down to 25%. and it will repeals or would repeal obamacare. yeah. i mean it is just, in other words, give the wealthiest another tax break and take it out on the middle class and the poor. >> that's the ryan budget. and you know what? its phoney. it was totally, totally phony meaning -- yeah, he says he would balance the budget in 10 years. he repeals obama care which is not going to happen. i mean i could put out...
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Mar 21, 2013
03/13
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FOXNEWSW
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [chanting] right to work has got to go. >> protesteres are lashing out again but the governor is not backing down at all. michigan's right-to-work laws set to kick in a week from today. republican governor rick snyder is here. governor, good to see you. i was mentioning during the break whether when you see yourself portrayed as satan or the devil. >> it's great to be with you. i feel it's part of democracy. it was hired to do a job by my customers, the citizens of the state of michigan, and i'm doing the right thing. it's about workers rights and it's about bringing more jobs to michigan. so i'm just going to do my job. >> neil: we were talking about the possibility of an errant judge
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [chanting] right to work has got to go. >> protesteres are lashing out again but the governor is not backing down at all. michigan's right-to-work laws set to...
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Mar 17, 2013
03/13
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continue raising taxes? let's control spending. washington spending is in the highest level in the history of our country. there's not a tax ref new problem. there's a spending problem. it's not only hurting washington and our ability to balance the budget. it's hurting our economy. and people in the country are going wait a minute. we manage to live within our means. why can't washington figure this out? >> we're at record low levels in terms of discretionary spending. we haven't had it this low since the eisenhower administration. so where does that come from? because as you know, democrats are not going to touch those entitlement programs unless you are willing to touch revenue. do you think we can really cut more? >> it's going to have to be addressed one way or another. mandatory spending is the biggest part hasn't been addressed by congress. obama care is part of mandatory spending. every report of obama care each report says it's going to cost more money and add more to the deficit than the prior repo
continue raising taxes? let's control spending. washington spending is in the highest level in the history of our country. there's not a tax ref new problem. there's a spending problem. it's not only hurting washington and our ability to balance the budget. it's hurting our economy. and people in the country are going wait a minute. we manage to live within our means. why can't washington figure this out? >> we're at record low levels in terms of discretionary spending. we haven't had it...
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Mar 21, 2013
03/13
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on taxes, you stand for giving breaks to the rich. they didreign policy, not support the bush foreign policy, so the stoll that made that republican party dominant come all three issues are in democratic favre. until you deal with these problems, it does not matter until network -- it does not matter what network you have. conservatives and, smaller government, less intrusion, and with they will have to figure out how to mollify the social movement. >> i do not think anyone has suggested the only thing that republicans are waiting right now is doing any better data bases and do we need more storefront offices. i was responding to a question directly about that. there is a lot of discussion going on right now about positioning, policies, looking for some of integrating new program pauses, how do we explain our policies better. i do not accept the premise that there is no doubt when you look at the gay marriage issue, that is very generational, it moved faster than any social issue i have ever seen. on the flip side, the pro-life argume
on taxes, you stand for giving breaks to the rich. they didreign policy, not support the bush foreign policy, so the stoll that made that republican party dominant come all three issues are in democratic favre. until you deal with these problems, it does not matter until network -- it does not matter what network you have. conservatives and, smaller government, less intrusion, and with they will have to figure out how to mollify the social movement. >> i do not think anyone has suggested...
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on money had already been taxes tax on and fourteen percent thirty five percent already been taxed and he's already said his secretary was paid with money that had never been taxed before i think i think his secretaries pay what the profits corporation and that corporation got their money from or that corporation to get that money from investment you're absolutely right from somebody else who had been double taxing people and we got no way that it went to the central issue either you are you trying to tell me that i did it but it's of the central issue of which is that if we did it i'm paying somebody that if i've paid taxes on that money they shouldn't have to pay taxes that really try to tell me no not and not at all then why are you making the argument that romney should only pay fourteen percent income tax because somebody else paid taxes on that money because his income has already been taxed there's no need to tell him i is homes are already being taxed and i believe this isn't rational and candy bars and i say you can't tax that if you want to look at the central issue of minimu
on money had already been taxes tax on and fourteen percent thirty five percent already been taxed and he's already said his secretary was paid with money that had never been taxed before i think i think his secretaries pay what the profits corporation and that corporation got their money from or that corporation to get that money from investment you're absolutely right from somebody else who had been double taxing people and we got no way that it went to the central issue either you are you...
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Mar 13, 2013
03/13
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reform, where we can lower both the income tax and corporate tax, i want to reward productivity, not punish productivity. we have to keep making things and building things and en vating, those -- invo vating, those are companies environment brincompanies that i wantto brih carolina's work force and our tax climate and quality of life, and right to work status, which we've had for a long time, and we're got goiig to change it, is a great retributemen recruitmen. neil: how much do you look at problem that boeing has been having, to get the dreamliner batteries fixed. were you breathing a sigh of relief? >> if you talk about the labor unions, and what the obama administration was doing with that, that is ridiculous. i'll fight with my fellow competitors even in south carolina to protect our right to work stat us in north carolina and my neighbors competing states, that very important. neil: regardless, both and other companies to look to right-to-work states, your own included, that is not disrupted by whatever problem it had? >> no. no, not at all. and the other thing, we have to be ca
reform, where we can lower both the income tax and corporate tax, i want to reward productivity, not punish productivity. we have to keep making things and building things and en vating, those -- invo vating, those are companies environment brincompanies that i wantto brih carolina's work force and our tax climate and quality of life, and right to work status, which we've had for a long time, and we're got goiig to change it, is a great retributemen recruitmen. neil: how much do you look at...
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Mar 16, 2013
03/13
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you paid your taxes and how is it that g. workers are guiltying away with not paying theirs. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef bere opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find se good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional co
you paid your taxes and how is it that g. workers are guiltying away with not paying theirs. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef bere opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find se good people to help guide him, and he'll set money aside from...
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Mar 15, 2013
03/13
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higher taxes. i think that's something that they're going to want to continue. >> it does seem if you did take that away, then we would only be talking about there's rand paul's vision, marco rubio's vision and -- >> and there's real splits on the republican side. >> what do you got sunday? >> we'll talk about the budget debate, van hollen and mccarthy debate each other and rome and the new papacy and what it means to american politics as well. >> we talk about the rising tide of hispanic americans and it seems like the catholic americans are seeing the same thing around the world. >> even more quickly than the republican party has apparently. >> even faster. david gregory, we'll be watching, thank youure siyouure. >>> and we'll talk to michael orren, obama's wish list, the president has an idea how he'd like to spend free time in tel aviv. >> sometimes i have this fantasy that i can put on a disguise and, you know, wear a fake mustache and i could wander through tel aviv and go to a bar and -- >>
higher taxes. i think that's something that they're going to want to continue. >> it does seem if you did take that away, then we would only be talking about there's rand paul's vision, marco rubio's vision and -- >> and there's real splits on the republican side. >> what do you got sunday? >> we'll talk about the budget debate, van hollen and mccarthy debate each other and rome and the new papacy and what it means to american politics as well. >> we talk about the...
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Mar 13, 2013
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are taxing hours? we think the current tax code destroying jobs. it makes american business is much less competitive. that is why the ways and means committee wants to get more people working again. >> is that a shift in approach? >> our approach reflects exactly what the president's joint chiefs season minimum levels necessary to fund the mission for the pentagon. this is our first priority -- national defense. we're funding at the levels the joint chiefs say is necessary to maintain national security. >> you're talking about how the fiscal cliff deal and other improvements major job easier, but you still have to take steps to get a balance. what are those steps? >> one is a budget control act. we extend the budget control act. we also want to extend reforms on the public workforce on federal employees to include all federal employees so that their pension contribution matches those that are in the private sector. we do not think federal employees should be able to have pension systems that are far in
are taxing hours? we think the current tax code destroying jobs. it makes american business is much less competitive. that is why the ways and means committee wants to get more people working again. >> is that a shift in approach? >> our approach reflects exactly what the president's joint chiefs season minimum levels necessary to fund the mission for the pentagon. this is our first priority -- national defense. we're funding at the levels the joint chiefs say is necessary to...
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Mar 17, 2013
03/13
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taxes? control spending. washington spending is at the highest level in the history of the country. there is a spending problem in washington. it is not only heard in washington and our ability to balance the budget, it is hurting the economy. people in the country are going we men are managing to live within our means, why can -- we are managing to live within our means, why can't washington figure it out? >> as you know, democrats will not touch entitlement programs, she were willing to touch revenue. the you think we can really, think we canu really cut more? >> obama care is part of mandatory spending. each report says it will cost more money and add more to the deficit in the prior report. we have to address that problem. medicare right now is scheduled to go bankrupt. people say do not touch medicare. that means let it go bust. that is not right for seniors. it is not responsible for my generation and my kids. we have a plan to save it for bankruptcy so current seniors there would be n
taxes? control spending. washington spending is at the highest level in the history of the country. there is a spending problem in washington. it is not only heard in washington and our ability to balance the budget, it is hurting the economy. people in the country are going we men are managing to live within our means, why can -- we are managing to live within our means, why can't washington figure it out? >> as you know, democrats will not touch entitlement programs, she were willing to...